Business
Microsoft writes down aQuantive value
Microsoft has written down the value of online advertising firm aQuantive it bought five years ago by $6.2 billion. Microsoft bought aQuantive for $6.3 billion...
Micron Technology buys rival Elpida for $2.5 billion
Micron Technology has decided to buy rival Japanese chipmaker Elpida in a deal worth 200 billion yen ($2.5 billion). Once completed, the deal will see...
Bob Diamond, Barclays Bank chief executive, resigns
Bob Diamond, Barclays Bank chief executive, has resigned with immediate effect. The move follows the resignation of chairman Marcus Agius and comes less than a...
GlaxoSmithKline fined $3BN in US biggest ever healthcare fraud case
GlaxoSmithKline Plc. has pleaded guilty to misdemeanor criminal charges and has to pay $3 billion to settle the largest case of healthcare fraud in...
Enrique Pena Nieto wins Mexican presidential poll
Institutional Revolutionary Party (PRI), Mexico's old ruling party, is set to return to power as early official results indicate its candidate Enrique Pena Nieto...
Apple settles China’s Proview dispute over iPad trademark for $60M
Apple has agreed to pay $60 million to Chinese firm Proview to settle a dispute involving rights to the "iPad" name, a court in...
Marcus Agius, Barclays Bank chairman, resigns after scandal
Marcus Agius, Barclays Bank chairman, has confirmed his resignation, as the bank promises a "root and branch review" following the inter-bank lending rate-fixing scandal. In...
Mexico: polls open for presidential election
Mexico has opened the polls in a presidential election dominated by the economy and war on drugs. Ex-governor Enrique Pena Nieto - seen as the...
Bob Diamond, Barclays Bank boss, says he will not resign
Bob Diamond, the boss of Barclays Bank, has insisted he will not resign after staff rigged the key lending rate between banks. Bob Diamond was...
Anne Sinclair finally leaves DSK and kicks him out of their Paris home
Anne Sinclair, the long-suffering wife of former IFM chief Dominique Strauss-Kahn has finally left him, it was confirmed last night. After months of loyal support...
EU Brussels Summit: eurozone agrees on bank recapitalization
EU leaders at Brussels summit have agreed to use the eurozone's bailout fund to support struggling banks directly, without adding to government debt. Speaking after...
ObamaCare healthcare reform law is constitutional, rules US Supreme Court
The US Supreme Court has ruled that President Barack Obama's landmark healthcare reform (ObamaCare) act is constitutional. The court upheld a core requirement known as...
ObamaCare reform bill faces Supreme Court judgement
Barack Obama’s wide-ranging healthcare reform bill, which is seen as a key achievement of his presidency, is facing its moment of judgement in the...
Barclays Bank accused of systematic dishonesty by former chief executive Martin Taylor
Martin Taylor, the former chief executive of Barclays, says the bank has engaged in "systematic dishonesty". It comes after Barclays was fined $450 million for...
Household insurance for smokers
When you apply for home owner's insurance, one of the questions that you'll be asked is whether or not you (or any family member)...
Microsoft buys Yammer for $1.2 billion
Microsoft confirms it has bought the office social network site Yammer for $1.2 billion. The business, which is four years old and has five million...
Cyprus to apply for financial assistance from eurozone
Cyprus has told the European authorities that it intends to apply for financial assistance. Cyprus is the fifth eurozone member to do so. It said it...
Arizona immigration clause upheld by US Supreme Court
Part of a tough Arizona immigration law giving police powers to check the immigration status of people stopped and arrested has been upheld by...
Mohammed Mursi begins forming new Egyptian government
Mohammed Mursi, Egypt's first democratically-elected president, has started forming a government, after promising to be a leader for all Egyptians. World leaders have congratulated the...
Mohammed Mursi wins Egyptian presidency
Higher Presidential Election Commission in Egypt has declared the Muslim Brotherhood's Mohammed Mursi as the winner of presidential election run-off. Mohammed Mursiwon 51.73% of the...
Egyptians await presidential election results
Egypt is awaiting the delayed results of the presidential run-off election held last weekend. The results are due in the coming hours, after the election...
GM recalls half a million Chevrolet Cruze over fire risk
General Motors has decided recall almost half a million Chevrolet Cruze to reduce the risk of fire. It plans to modify Chevrolet Cruze sedans, a...
Moody’s downgrades 15 global banks and financial institutions
Credit ratings agency Moody's has decided to downgrade 15 global banks and financial institutions. In the US, Bank of America and Citigroup were among those...
Egypt’s presidential election results delayed
Egypt's presidential poll results have been delayed by the election authorities, raising further tension across the country. The results had been due to be announced...
Apple ordered to pay damages to Samsung Electronics by a court in the Netherlands
Giant tech company Apple has been ordered to pay damages to rival Samsung Electronics by a court in the Netherlands. The court said that Apple...
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